I was born in 1926 in Windsor, Ontario. Three of my grandparents were also born in Canada: the fourth, my paternal grandfather, emigrated as a child to the U.S.A. from the Bavarian town of Nördlingen. He became a pharmacist and achieved some prosperity by inventing the first process for the mass producing of gelatin capsules.…

I was born in Mount Vernon, New York, U.S.A. on May 5, 1921. My father had come from Europe a decade earlier. He left his home in Riga to study electrical engineering at Darmstadt, but arrived too late for the beginning of the term. Therefore, he went on to visit his brother in New York,…

19 October 1981 has decided to award the 1981 Nobel Prize in Physics by one half jointly to Professor Nicolaas Bloembergen, Harvard University, USA, and Professor Arthur L. Schawlow, Stanford University, USA, for their contribution to the development of laser spectroscopy, and by the other half to Professor Kai M. Siegbahn, Uppsala University, Sweden, for…

4 photos   To cite this pageMLA style: “Photo gallery – The Nobel Banquet 1981”. Nobelprize.org. Nobel Media AB 2014. Web. 22 Jun 2018.

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13 October 1981 THIS YEAR’s PRIZE IN ECONOMICS AWARDED FOR RESEARCH ON THE FINANCIAL SYSTEM AND ITS EFFECTS ON INFLATION AND EMPLOYMENT has decided to award the 1981 Alfred Nobel Memorial Prize in Economic Sciences to Professor James Tobin, Yale University, USA, for his analysis of financial markets and their relations to expenditure decisions, employment,…

I studied economics and made it my career for two reasons. The subject was and is intellectually fascinating and challenging, particularly to someone with taste and talent for theoretical reasoning and quantitative analysis. At the same time it offered the hope, as it still does, that improved understanding could better the lot of mankind. For…

Presentation Speech by Professor Assar Lindbeck of the Translation from the Swedish text Your Majesties, Your Royal Highnesses, Ladies and Gentlemen, One of the most common prejudices among ordinary people concerning economics is that it is mainly about money and finance. However, in the case of this year’s prize in economics, this conception is in…

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